Category: Switzerland

Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive Calls for More Regulations for ‘Abusive’ Crypto Market Governments are still […]

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Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US

Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US

Luxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States. The Swiss company provides the new payment option through a partnership with crypto payment processor Bitpay. Tag Heuer Partners With Bitpay to Offer US Clients Bitcoin Payments Designer and maker of luxury timepieces TAG Heuer is now accepting […]

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Swiss National Bank Chairman: Bitcoin Does Not Meet Currency Reserves Requirements

Swiss National Bank Chairman: Bitcoin Does Not Meet Currency Reserves Requirements

The Swiss National Bank’s (SNB) Chairman Thomas Jordan revealed that the bank has decided not to have the world’s largest cryptocurrency on its balance sheet. At the same time, though, the organization is mulling over digital currencies to an extent. Bitcoin, Not Yet At the central bank’s annual general meeting on Friday, the Chairman stated […]

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UBS Warns Of Apocalyptic Crypto Winter And The Cryptocurrency Prices Are Poised To Crash

Is the cryptocurrency market about to enter a period of prolonged bearish phase? The largest Swiss Bank, UBS, has warned of apocalyptic crypto winter, and the prices are poised to crash, reports news.bitcoin.com. The Bank also gave an eerie warning that the prices would not recover for years. The bank’s analysts have underlined several reasons […]

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This SNB Governing Board Member Says The Risks of a CBDC Outweighs Its Benefits

An active member of the governing board for the Swiss National Bank (SNB) Andréa Maechler, has recently disclosed the thoughts of most of her colleagues at the central bank, especially regarding the issuance of the country’s CBDC — the digital franc. According to Maechler, the risks attached to central bank-issued digital currency outweighs its benefits, […]

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Swiss National Bank, Citigroup, and Goldman Tested a Joint CBDC Project: Report

The Swiss National Bank (SNB), together with five other banking giants, have reportedly tested whether they can process central bank digital currencies within the nation’s financial network. The institutions revealed they were able to integrate CBDCs into their existing core banking systems. The Latest CBDC Trial in Switzerland A January 13 coverage by Bloomberg disclosed […]

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Crypto bank Sygnum raises $90 million, now valued at $800 million

Crypto bank Sygnum raises $90 million, now valued at $800 million

Sygnum, a regulated crypto bank and asset manager, has raised $90 million in a Series B funding round. The firm is now valued at $800 million. Sun Hung Kai & Co., a Hong Kong-listed financial services company, led Sygnum’s Series B funding. Other investors in the round included Animoca Brands, SBI Holdings, Siam Commercial Bank’s […]

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Deutsche Börse Acquires a Majority Stake in Crypto Finance Group

Deutsche Börse – a German stock market operator – completed the acquisition of a majority stake in Crypto Finance AG – a leading Swiss firm focused on digital asset services. The deal was initially signed in June but got officially closed on December 15. Deutsche Börse and Crypto Finance Signed the Agreement Deutsche Börse announced […]

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BBVA Switzerland Adds Ethereum (ETH) to its Cryptocurrency Services

Several months after releasing Bitcoin trading and custodial products, BBVA’s Swiss arm has decided to add Ethereum (ETH) services as well. The new features will be available on the bank’s app, next to other investment options. The statement released by the bank reads that the addition of Ethereum will be available for private clients and […]

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Crypto Stamp Crashes Swiss Post’s Online Store With Launch Day Demand

Crypto Stamp Crashes Swiss Post’s Online Store With Launch Day Demand

Unexpectedly high demand for Switzerland’s first crypto stamp has created headaches for the national postal service. Swiss Post announced it had to deal with technical issues when numerous orders hit its online shop all at once on the day the innovative offering was made available. Demand for First Crypto Stamp Overwhelms Swiss Post’s Online Store […]

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